Examlex
Sound governance practices always leads to superior financial performance.
Bank Reconciliation
The method of aligning the figures in a company's financial records for a cash account with the relevant data on a bank statement.
Bank Service Charge
Fees charged by banks for various services provided to customers, such as account maintenance or transaction processing.
Deposits In Transit
Funds that have been deposited by a company but not yet recorded by the bank, resulting in a timing difference in the account balance.
Withdrawal
An act of taking money out of a business by the owner for personal use.
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